Latvia encourages setting up of a single European Union (EU) supervisory mechanism for anti-money laundering and combating the financing of terrorism (AML/CFT). The Ministers for Finance of France, Germany, Italy, Latvia, the Netherlands and Spain have agreed upon a joint approach towards setting up such supervisory mechanism. The coordinated text of the statement has been sent to the Minister for Finance of Finland (country holding the EU presidency) (President of the EU Economic and Financial Affairs Council (ECOFIN)) and to the Vice-President of the European Commission Valdis Dombrovskis.

Internal audit experts of the Ministry of Finance of Latvia conducting the third mission in the Ministry of Finance of Moldova (October 21 - 25 2019) within the project “Further Development of Effective Internal Control Systems and Internal Audit in the Republic of Moldova”.

On Friday, 18 October, Minster of Finance Jānis Reirs met with Swedbank Group Chairman of the Council, Göran Persson, and newly appointed President/CEO, Jens Henrihsson, during a working visit to Washington, D.C., to discuss the bank's long-term strategic vision for the Baltic market. During the visit, several important meetings were also held with representatives of the US Treasury, the World Bank and the International Monetary Fund to present in detail the implementation of the financial sector control reform in Latvia.

On Monday, February 4, Japanese credit rating agency R&I reaffirmed its “A-” foreign currency issuer rating on the Republic of Latvia. The outlook remains stable.